Since its inception, the government’s online marketplace, GeM, has undertaken public procurement of more than Rs 3 lakh crore. As per the Ministry of Commerce & Industry, approximately 2,000 minor and 460+ major functionalities have been introduced on GeM, in the last 24 months for improving ease of doing business. MSEs, especially sole proprietors on GeM can get a loan at the point of acceptance of an order on the GeM platform.
GeM is an end-to-end online Marketplace for the procurement of goods and services. It was launched in 2016, as part of the vision of Prime Minister Narendra Modi for redefining public procurement. GeM has been able to bring about radical changes in the way procurement was done by Government buyers and public sector undertakings. It is contactless, paperless, and cashless and stands on three pillars: efficiency, transparency, and inclusivity.
The buyer base of GeM comprises all Central and State Government departments, cooperative societies and public sector undertakings, while the seller base includes women entrepreneurs, Self Help Groups and MSME sellers from all over the country. There are 62 thousand registered government buyers and 50.90 lakh sellers and service providers, with currently around 300 service categories and over 10000+ product categories available on GeM.